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Iran’s Economy Shrink by 6% Because of US Sanctions: IMF

The Trump administration is due to formally end the waivers for some of Iran's top crude purchasers, including China, India, Japan, Turkey and South Korea

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US sanctions, iran's economy
Secretary of State Mike Pompeo speaks during a news conference on Monday, April 22, 2019, at the Department of State in Washington. VOA

The International Monetary Fund is forecasting Iran’s economy to shrink by 6% this year as it faces pressure from U.S. sanctions.

In a report released Monday, the IMF said its estimates for Iran, which include the potential for inflation to top 40%, predate a U.S. decision to end waivers that have allowed some Iranian oil buyers to continue making their purchases despite new sanctions that went into effect last year.

The Trump administration is due to formally end the waivers on Thursday for some of Iran’s top crude purchasers, including China, India, Japan, Turkey and South Korea.

The United States says it wants to deprive Iran of $50 billion in annual oil revenues to pressure it to end its nuclear and missile programs. The White House says it is working with top oil exporters Saudi Arabia and the United Arab Emirates to ensure an adequate world oil supply.

Turkey and China have attacked the U.S. action, but it is not clear whether they will continue to buy Iranian oil.

Iranian Foreign Minister Mohammad Javad Zarif said an interview broadcast on the U.S. cable show Fox News Sunday accused the United States of trying to “bring Iran to its knees” and overthrow its government by seeking to thwart its international oil trade.

iran's economy, US sanctions
FILE – Iran’s Foreign Minister Mohammad Javad Zarif gestures during a press conference in Tehran, Feb. 13, 2019. VOA

He said U.S. officials are “wrong in their analysis. They are wrong in their hope and illusions.”

Zarif said the fact that Trump withdrew the United States from the 2015 international agreement to curtail Iran’s nuclear program “would not put the U.S. in the good list of law-abiding nations.” Iran state media reported that Zarif told Iranian reporters in New York that Tehran’s withdrawal from the pact is one of “many options” it is considering in the wake of the U.S. end to the waivers on sanctions for countries buying oil from Iran.

Zarif said a team of Israeli Prime Minister Benjamin Netanyahu, U.S. national security adviser John Bolton, and leaders in Saudi Arabia and the United Arab Emirates is trying to push U.S. President Donald Trump “into a confrontation he doesn’t want.”

“They have tried to bring the U.S. into a war,” Zarif said, with the goal, “at least,” of Iranian regime change.

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Bolton, appearing on the same Fox News program, said the U.S. goal is not regime change, but a change in behavior, specifically an end to Iran’s nuclear weapons program and ballistic missile testing.

“The Iranian people deserve a better government,” Bolton said. He called Zarif’s accusations “completely ridiculous, an effort to sow disinformation.” (VOA)

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Climate Change Would Affect Health Of Indian Children: Lancet

Climate change would hit health of Indian children hard, says study by Lancet

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Children in India will be particularly vulnerable to the ill effects of climate change. Pixabay

Children in India will be particularly vulnerable to the ill effects of climate change such as worsening air quality, higher food prices and rise in infectious diseases, warns a new study published in the journal The Lancet.

Climatic suitability for the Vibrio bacteria that cause cholera is rising three per cent a year in India since the early 1980s, said the report.

“With its huge population and high rates of healthcare inequality, poverty, and malnutrition, few countries are likely to suffer from the health effects of climate change as much as India,” said study co-author Poornima Prabhakaran from the Public Health Foundation of India.

“Diarrhoeal infections, a major cause of child mortality, will spread into new areas, whilst deadly heatwaves, similar to the one in 2015 that killed thousands of people in India, could soon become the norm,” Prabhakaran said.

Through adolescence and into adulthood, a child born today will be breathing more toxic air, driven by the fossil fuels and made worse by rising temperatures.

This is especially damaging to young people as their lungs are still developing, so polluted air takes a great toll, contributing to reduced lung function, worsening asthma, and increasing the risk of heart attacks and stroke.

Later in life, a child born today will face increased risk from severe floods, prolonged droughts, and wildfires.

 

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Children in India breathe toxic air and may develop lung diseases. Pixabay

Most countries have experienced an increase in people exposed to wildfires since 2001-2004 with a financial toll per person 48 times larger than flooding.

India alone saw an increase of more than 21 million exposures, and China around 17 million, resulting in direct deaths and respiratory illness as well as loss of homes, said the report.

“Over the past two decades, the Government of India has launched many initiatives and programmes to address a variety of diseases and risk factors. But this report shows that the public health gains achieved over the past 50 years could soon be reversed by the changing climate,” Prabhakaran said.

The “Lancet Countdown on Health and Climate Change” is a yearly analysis tracking progress across 41 key indicators, demonstrating what action to meet Paris Agreement targets — or business as usual — means for human health.

The project is a collaboration between 120 experts from 35 institutions including the World Health Organisation (WHO), World Bank, University College London, and Tsinghua University.

For the world to meet its UN climate goals and protect the health of the next generation, the energy landscape will have to change drastically, the report warns.

Also Read- Prince Charles Talks Climate Change in India

Nothing short of a 7.4 per cent year-on-year cut in fossil CO2 emissions from 2019 to 2050 will limit global warming to the more ambitious goal of 1.5 degree Celsius, said the report. If the world follows a business-as-usual pathway, with high carbon emissions and climate change continuing at the current rate, a child born today will face a world on average over 4 degree Celsius warmer by their 71st birthday, threatening their health at every stage of their lives. (IANS)